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Title:The return of the long-run Phillips curve PDF Logo
Authors:Graham, Liam
Snower, Dennis J.
Issue Date:2002
Series/Report no.:IZA Discussion paper series 646
Abstract:This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
Subjects:inflation
unemployment
Phillips curve
nominal inertia
monetary policy
forward-looking expectations
JEL:E5
E4
E3
E2
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
Publikationen von Forscherinnen und Forschern des IfW

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